Merit Network Inc

Analysis

Merit Network Inc is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in June 1980, 46 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Merit Network Inc reported income of $41.1m and spending of $42.8m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $119.3m to $41.1m (-66%), an average of -23% a year. The sharpest change came in the year to June 2020, when income dropped by 76%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Merit Network Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MI. Charities of a similar size with the same main cause include Augusta University Foundation Inc ($41.0m), Childcaregroup ($41.1m) and Childrens Care Hospital & School ($41.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.8% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $1.4m (3.3% of expenses). Other salaries and wages came to $7.6m. At year end it held assets of $196.9m against liabilities of $21.1m, net assets of $175.8m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.